DeFi Dad says even Ethereum's biggest competitors, Solana, Hyperliquid, are hugely reliant on it.
"I still believe Ethereum's market cap should be in the trillions, based on all the economic activity it hosts."
"Destroy the Ethereum network tomorrow and you take down, conservatively, 60% of all DeFi. Probably more, because of the dependencies."
"L1 acts as the hub between all these chains, whether Solana likes it or not. People love to move between chains, and the volume flows back to L1."
"Even if you're a Hyperliquid bull, you're hugely reliant on Ethereum."